Unfortunately, for sellers, if their home remains idle on the market for weeks (and sometimes months), the likelihood that they will sell it plummets. Potential buyers begin to believe that there are problems with the home if it keeps dipping in price. This stagnant period could lead to potential buyers fighting for even lower prices, which
Builders nationwide are initiating higher prices for new construction. A recent survey distributed by John Burns Real Estate Consulting Inc., saw twenty-four percent of 231 builders citing raised prices for December 2013. Those builders who lowered prices fell 8 percent in December 2013, a significant change from a 12 percent increase of prices in October
The FHA made a recent announcement that it intends to modify their stance on lending in real estate market, likely due to improved market health. The FHA is reassessing “upper limits” on mortgages for areas with high priced homes. Approximately 650 counties in the U.S. will see this this change. The previous maximum upper limit
Homes prices in the U.S. rose 12% from August to September, with prices settling after increases seen earlier in the year. An increase in mortgage rates coupled with a rise in home prices worked to steady home sales. Now, however, prices are beginning to level off and reach more reasonable asking prices. Luckily, mortgage rates
Outstanding commercial/multi-family mortgage debt rose by an estimated $24.5 billion indicating a one percent chance in the second quarter of 2013. The outstanding commercial/multifamily mortgage debt figure of $2.45 trillion seen in Q2 comes in at $24.5 billion higher than the Q1 2013 figure. Outstanding multifamily mortgage debt reached $875 billion, a 1.3 percent
Many real estate transaction can at first be deemed as “too good to be true.” Buyers and the agents or brokers they hire to facilitate the deal often get excited about an impending deal if the numbers look to be in their favor. The harsh reality is that some impending transactions may hold considerable disadvantages
According to forbes.com; The long-awaited day of reckoning is here: The era of historically low interest rates is over. At least that’s how investors have reacted to the statement from Federal Reserve Board Chairman Ben Bernanke on June 19 that “the downside risks to the outlook for the economy and the labor market have diminished.”
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